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Author Question: A cartel is: a. a joint venture of two companies. b. a joining of firms for the purpose of fixing ... (Read 82 times)

yoroshambo

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on: Jun 30, 2018
A cartel is:
 a. a joint venture of two companies.
  b. a joining of firms for the purpose of fixing prices and controlling output.
  c. a breaking up of a company into two or more parts.
  d. the joining of industry with government to solve a specified problem.
  e. the joining of two firms with unrelated products.

Question 2

Which of the following is most likely to be a fixed cost for a business?
 a. expenditures on low-skill labor.
  b. shipping charges for the delivery of products.
  c. managerial salaries.
  d. property taxes on the firm's buildings.


scikid

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


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